This is the common question that we come across in our
support center. Yes, EIN (Employer Identification Number) or the Federal Tax
Identification Number (FTIN) is a must to file 2290 tax returns electronically
with the IRS.
What is EIN?
An Employer Identification Number (EIN) is also known as a
Federal Tax Identification Number, and is used to identify a business entity.
Generally, businesses need an EIN. You may apply for an EIN in various ways,
and now you may apply online. This
is a free service offered by the Internal Revenue Service and you can get your
EIN immediately. You must check with your state to
make sure you need a state number or charter.
EIN is a nine-digit number that IRS assigns in the following
format: XX-XXXXXXX. It is used to identify the tax accounts of employers and
certain others who have no employees. However, for employee plans, an alphabet
(for example, P) or the plan number (e.g., 003) may follow the EIN. The IRS
uses the number to identify taxpayers that are required to file various
business tax returns. EINs are used by employers, sole proprietors,
corporations, partnerships, non-profit associations, trusts, estates of
decedents, government agencies, certain individuals, and other business
entities. Use your EIN on all of the items that you send to the IRS and the
Social Security Administration (SSA).
Note: An EIN is for use in connection with your business
activities only. Do not use your EIN in place of your social security number
(SSN).
Do You Need an EIN?
You will need an EIN if you answer "Yes" to any of
the following questions.
|
Do you have employees? |
YES |
NO |
|
Do you operate your business as a corporation or a partnership? |
YES |
NO |
|
Do you file any of these tax returns: Employment, Excise, or Alcohol,
Tobacco and Firearms? |
YES |
NO |
|
Do you withhold taxes on income, other than wages, paid to a
non-resident alien? |
YES |
NO |
|
Do you have a Keogh plan? |
YES |
NO |
|
Are you involved with any of the following
types of organizations? ·
Trusts, except certain grantor-owned revocable
trusts, IRAs, Exempt Organization Business Income Tax Returns ·
Estates ·
Real estate mortgage investment conduits ·
Non-profit organizations ·
Farmers' cooperatives ·
Plan administrators |
YES |
NO |
How to apply for EIN online?
The EIN
application can be made online at the IRS.gov official website of IRS. Check
out here
for more information and also to apply online.
More of
your questions answered here,
check out to different scenarios and situations beside EIN.
Otherwise
use Form SS-4, to manually file for your EIN.
More Information on EIN:
You should
have only one EIN for the same business entity. If you have more than one EIN
and are not sure which one to use, call the Business and Specialty Tax Line at
1-800-829-4933 (TTY/TDD users can call 1-800-829-4059).
Provide the
numbers that you have, the name and address to which each was assigned, and the
address of your main place of business. The IRS will tell you which number to
use.
If you do
not have your EIN by the time your return is due, write “Applied For” and the
date that you applied for it in the space shown for the number.
Understanding Your EIN : to
understand more on your EIN check out here
Federal Vehicle Use Tax Form 2290 is Due now for the Tax Year July 2020 - June 2021! eFile is easy and the IRS watermarked Schedule 1 receipt in minutes!!!
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